A mortgage is in the amount of $600,000. The origination fee is 0.5%, the intangible tax is 0.2%, and there are 1.5 discount points.

Which of the following is the total cost of the origination fee, the intangible tax, and the discount points?

$4,200

$9,000

$10,200

$13,200

How am I supposed to answer this when they don't give you the percent of the down payment for the intangible tax?

Question

A mortgage is in the amount of $600,000. The origination fee is 0.5%, the intangible tax is 0.2%, and there are 1.5 discount points.

Which of the following is the total cost of the origination fee, the intangible tax, and the discount points? 

$4,200

$9,000

$10,200

$13,200 


How am I supposed to answer this when they don't give you the percent of the down payment for the intangible tax?

anonymous · Answer

anyone?

anonymous · Answer

never mind I'll just try and do it without the tax.

anonymous · Answer

Thank you to the two who tried to help me. r.rhoden918 and tkhunny